Consultants speak on RPGT rates

GEORGE TOWN: According to tax consultant and head of tax advisory for BDO Chartered Accountants, David Lai, one must underline clearly one’s purpose of acquiring a property.

“If it is for stock, you will be subjected to income tax but if you are acquiring a property for long term investment, then you can argue that it is under your Real Property Gain Tax (RPGT) when you sell it,” he said.